BlockBeats News, May 14: The new chairman of the U.S. Securities and Exchange Commission (SEC) delivered a speech at an SEC cryptocurrency special working group meeting, emphasizing the promotion of establishing a sound cryptocurrency regulatory framework and considering providing guidance and exemptions for security token offerings. He stated that the SEC will shift from policy enforcement through enforcement actions to rulemaking and interpretation to provide market participants with clear regulations. Under the leadership of Atkins and a Republican-led approach, the classification and compliance of cryptocurrency assets are expected to be relaxed, boosting market confidence.
Bitunix Analyst Suggestion:
The U.S. regulatory news is a long-term positive for the cryptocurrency market. Short-term sentiment is bullish, but attention should be paid to the details of implementation. The BTC key resistance is $105,000, and a breakthrough may attract inflows of funds. It is recommended to focus on policy-driven concept coins, such as compliant exchange tokens and regulatory agency-type coins.
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